Eligibility requirements for the Riyad loan without salary transfer
☑️ Saudi citizenship is required
☑️ Minimum age of 23 years
☑️ Employment duration of at least 3 months
☑️ Monthly income of SAR 8,000 or more
☑️ Debt obligations must not exceed 33.33% of total salary
Documents needed
📄 Valid Saudi national ID
📄 Employer-issued salary certificate
📄 Completed Murabaha financing form
Loan approval depends on meeting these requirements, and the bank may request additional documentation at its discretion.
How to apply for the Riyad loan without salary transfer
To begin your Riyad loan without salary transfer application, complete the online interest form through the Riyad Bank website. Once submitted, you’ll need to visit any Riyad Bank branch with your documents in hand.
There, a loan officer will assist you in selecting a Sharia-compliant financing method—Tawarruq or Murabaha. After submitting your documents and choosing your loan terms, your application will go through internal review. If not approved, you can reapply later once your eligibility improves.
How to repay your Riyad loan without salary transfer
Monthly installments are paid via automatic debit or through the Riyad Online platform and Riyad Mobile app. You can set a due date that matches your salary payment cycle, which helps avoid missed payments.
It’s important to keep your account funded in advance of the due date. Digital channels also allow for real-time payment tracking and early settlement options if needed.
Rates and costs
The Riyad loan without salary transfer offers an annual percentage rate (APR) starting around 2.92%, depending on the applicant’s financial classification. For example, a SAR 50,000 loan over 60 months would result in monthly installments of approximately SAR 885.42.
Additional costs may apply in case of late payments or changes to the repayment schedule. A digital promissory note must also be approved through the Nafith platform as part of the loan agreement.
A tip for your wallet
To reduce the total cost of your Riyad loan without salary transfer, try making early payments whenever possible. Even small extra contributions toward the principal can lower your profit charges.
Additionally, once 20% of the loan is repaid, you’re eligible to request refinancing—this can help restructure your finances without needing a full new application. Keeping your installment due date close to your payday is also a smart way to ensure consistent payments.
Start your loan application today
Click the button below to begin your Riyad loan without salary transfer through the official Riyad Bank website. You’ll find detailed instructions, required documents, and branch contact options to complete your request.